Nevada Revised Statutes 679A.130 – ‘Transacting insurance’ defined
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In addition to other aspects of insurance operations to which provisions of this Code by their terms apply, ‘transact’ with respect to a business of insurance includes any of the following, by mail or otherwise or whether or not for the purpose of profit:
Terms Used In Nevada Revised Statutes 679A.130
- Contract: A legal written agreement that becomes binding when signed.
1. Solicitation or inducement.
2. Negotiations.
3. Effectuation of a contract of insurance.
4. Transaction of matters subsequent to effectuation and arising out of such a contract.